Alerian MLP ETF (NYSEARCA:AMLP) Stake Lowered by DDFG Inc

DDFG Inc trimmed its position in shares of Alerian MLP ETF (NYSEARCA:AMLP) by 7.5% in the 2nd quarter, Holdings Channel.com reports. The fund owned 13,814 shares of the exchange traded fund’s stock after selling 1,124 shares during the quarter. DDFG Inc’s holdings in Alerian MLP ETF were worth $663,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new stake in shares of Alerian MLP ETF during the 1st quarter worth about $27,000. Asset Dedication LLC raised its position in Alerian MLP ETF by 1,244.0% during the second quarter. Asset Dedication LLC now owns 672 shares of the exchange traded fund’s stock valued at $32,000 after acquiring an additional 622 shares in the last quarter. First United Bank & Trust acquired a new stake in Alerian MLP ETF in the fourth quarter valued at approximately $35,000. ICA Group Wealth Management LLC acquired a new stake in Alerian MLP ETF in the fourth quarter valued at approximately $38,000. Finally, Ridgewood Investments LLC bought a new stake in Alerian MLP ETF in the second quarter worth approximately $52,000.

Alerian MLP ETF Stock Down 0.8 %

Shares of AMLP opened at $46.30 on Monday. Alerian MLP ETF has a 12 month low of $40.03 and a 12 month high of $49.44. The company’s fifty day moving average is $47.38 and its 200-day moving average is $46.92. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 13.08 and a beta of 0.48.

Alerian MLP ETF Company Profile

ALERIAN MLP ETF seeks investment results that correspond (before fees and expenses) to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index (the Index). The Index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership (MLP) asset class.